Transcript
Introduction
Patrick
My guest today is Tim Flannery, co-founder of venture fund administrator Passthrough. Passthrough is removing friction from the manual, time-consuming fundraising process by making investor onboarding as set simple and automatic as possible. Passthrough software helps investors fill out subscription documents in minutes rather than hours, and allows GPs to easily track LP subscriptions during a fundraise. Our conversation discusses the power of identity as a feature to build products around, the double-edged sword of solving an unsexy problem, and how Passthrough has thought about pricing their software. Please enjoy my conversation with Tim Flannery.
Reducing Frictions in Investing
Patrick
Tim, we were talking before hitting record, and you said something just there and I told you to stop because maybe it's the right place to start our conversation, which is this notion that if you think about the complex Yale endowment models, the fanciest of asset allocation investing models out there in the world, the ability to do that sort of thing maybe working its way down, all the way down to the individual. There's this democratization of ways that you can invest, types of investors, different kinds of backgrounds of GPS out there. We're going to talk a lot today about what's happening in the world of investing, but maybe that concept is a great wedge to begin our conversation. What are you seeing that leads you to say that what Yale can do perhaps at some point soon the individual will be able to do?